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February 11, 2021

KM to manage VW cloud building in Redmond

As the DJC first reported in December, Volkswagen Automotive Cloud will be the sole tenant in the former REI store at Redmond Town Center — which Nicola Wealth purchased that month for a bit over $32.5 million. Nicola, of Vancouver, B.C., never announced the tenant, and neither did Kidder Mathews when announcing this month that it'll manage the building at 7500 166th Ave. N.E., aka the former Studio 7500 furniture store, for the new owner. Mike Grainger will lead that KM team. Gensler is designing the renovation of the two-story 35,000-square-foot office building, which was developed circa 1998. The general contractor is Swinerton Builders. The location and overall value of Redmond Town Center will receive a huge boost when Downtown Redmond Station opens across the street in 2024. KM says it now manages almost 1.5 million square feet for Nicola in this state, California and Arizona.




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